Government Boosts Science and Tech Funding: 100B Won for Research, Deregulation, Scholarships, and New Science Cluster

• Government to inject 100 billion won into science and technology research

• Funds will go towards promising global research projects with potential for world-class accomplishments

• State research institutes to be deregulated - more freedom over salaries, headcounts, recruiting

• Presidential scholarships for grad students in science/engineering to be introduced

• Considering building special science cluster to attract more corporate investment